Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,124,936) $ (1,923,743)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Issuance and amortization of common stock for services 39,844
Issuance of convertible promissory notes for services 310,000
(Gain) loss on settlements, net (14,421) 8,570
Foreign currency transaction loss (gain) 280,707 (133,792)
Depreciation expense 529 571
Amortization of debt discounts 217,928 214,472
Change in fair value of derivative liabilities 1,971,116 (30,274)
Gain on extinguishment of debt (1,185,871)
Stock option expense 164,881
Accretion of put premium 343,771 609,796
Changes in Assets and Liabilities:    
GST receivable 4,469 1,151
Prepaid expenses and other assets 2,102 4,962
Accounts payable 16,378 105,424
Employee benefit liability 4,183 6,161
Accrued expenses 4,179 (231,854)
Accrued interest 60,670 68,163
NET CASH USED IN OPERATING ACTIVITIES (419,196) (785,668)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory notes 533,389 894,000
Repayments of convertible promissory notes (53,000)
Proceeds from the exercise of warrants 30
NET CASH PROVIDED BY FINANCING ACTIVITIES 480,419 894,000
Effect of exchange rate changes on cash (42,230) (34,810)
NET INCREASE IN CASH 18,993 73,522
CASH AT BEGINNING OF PERIOD 19,921 69,043
CASH AT END OF PERIOD 38,914 142,565
Supplemental Disclosure of Cash Flow Information    
Interest
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Reduction of put premium related to conversions of convertible notes 600,209 128,333
Conversion of convertible notes and accrued interest to common stock 1,413,318 484,506
Discounts related to derivative liability $ 50,000 $ 310,000